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Last Sunday, the first smart city project in Hanoi, carried out by Japan’s Sumitomo and Vietnam’s BRG Group, was officially inaugurated on an area of 330 hectares. So far, 33 cities and provinces around Vietnam have implemented smart city initiatives. Ho Chi Minh City and Hanoi are set to become sustainable cities of the future. As part of the government target which aims to make Ho Chi Minh City the first smart city in Vietnam by 2020 and Hanoi by 2030, billion-dollar mega projects are currently underway to build smart cities. Over the years, urbanisation has been a drive for national socio-economic development. The whole country has more than 830 urban areas and the national urbanisation rate has reached 38.6 per cent. The average economic growth in urban areas is 12-15 per cent, 1.5 to two times higher than the national rate. Urban areas have been the centres of socio-economic activities, innovation, education, scientific and technological research, production, trade … [Read more...] about Big expectations for Vietnam in sustainable smart city development

Besides, the distributors will offer the public information about Novalands hospitality projects, which are intended as second homes, including villas and townhouses, shophouses. The Leisure & entertainment tourism complex of NovaWorld Phan Thiet or NovaWorld Ho Tram has a scale of 1,000ha. Both are leading the trend of real estate investment, creating new lifestyle for the southern real estate market … [Read more...] about Novaland cooperates with prestigious agents to deliver real estate projects

Besides, the distributors will offer the public information about Novalands hospitality projects, which are intended as second homes, including villas and townhouses, shophouses. The Leisure & entertainment tourism complex of NovaWorld Phan Thiet or NovaWorld Ho Tram has a scale of 1,000ha. Both are leading the trend of real estate investment, creating new lifestyle for the southern real estate market … [Read more...] about Many prestigious partners to distribute Novaland’s products

In addition, the Government cautiously recommended the NA consider and adopt the guideline on several specific mechanisms and policies to revive the economy in the new situation. Accordingly, the Government asked for the NA’s permission to proactively adjust the 2020 public investment plans among ministries, sectors and localities within the expenditure estimate on development investment; convert the investment mode for important transport projects from that of a public-private partnership to the use of the state budget; exempt and reduce a number of tax obligations concerning the areas and subjects suffering heavy losses due to COVID-19; postpone the increase of basic salary for civil servants, public employees and the armed forces and pensions from July 1, 2020; and consider launching new economic stimulus packages if the pandemic continues to be prolonged on a global scale. … [Read more...] about BUSINESS NEWS HEADLINES MAY 30

- Prime Minister Nguyen Xuan Phuc stated last week that the government would provide some VND300 trillion ($13 billion) as a relief measure in financing for businesses hit hard by the COVID-19 pandemic, while ensuring sufficient capital to prop up the economy. PM Phuc reaffirmed that the Vietnamese government would put best effort to contain the virus and create preferential conditions for enterprises being alive. Previously, State Bank of Vietnam’s Deputy Governor Dao Minh Tu asked 20 banks to offer a minimum of 2-per-cent lending rate reduction to cushion cash-strapped businesses. … [Read more...] about Consumers risk higher defaults amid lending sector fluctuation